CBS
Headquarters:
51 West 52nd Street
New York, NY 10019
Phone: (212) 975-4321
Employees: 23,654
CEO: Les Moonves
Stock Symbol: CBS
Website:
http://www.cbscorporation.com
Career Site
CBS is a leading media company that was
spun off from Viacom in 2005. CBS has operations in broadcast
television (CBS and CW), local television (CBS Television Stations
Group), television production and syndication (CBS Paramount
Television and King World), cable television (Showtime and CSTV
Networks), radio (CBS Radio), advertising on out-of-home media
(CBS Outdoor), publishing (Simon & Schuster), interactive
media (CBS Interactive), licensing and merchandising (CBS Consumer
Products) and motion pictures (CBS Films).
CBS Television Stations consists of 29
stations, including 14 that are part of the CBS Television Network
and 15 that are affiliated with The CW Network, MyNetworkTV,
or operate as independents.
Among its stations are: WCBS-TV (New York),
KCBS-TV and KCAL-TV (Los Angeles), WBBM-TV (Chicago), KYW-TV
and WPSG-TV (Philadelphia), WBZ-TV and WSBK-TV (Boston), KPIX-TV
and KBCW-TV (San Francisco), KTVT-TV and KTXA-TV (Dallas-Ft.
Worth), WUPA-TV (Atlanta), WWJ-TV and WKBD-TV (Detroit), KSTW-TV
(Seattle), WCCO-TV (Minneapolis), WTOG-TV (Tampa-St. Petersburg),
WFOR-TV and WBFS-TV (Miami), KCNC-TV (Denver), KOVR-TV and KMAX-TV
(Sacramento), KDKA-TV and WPCW-TV (Pittsburgh), WJZ-TV (Baltimore),
WGNT (Norfolk), as well as satellite stations KCCO-TV (Alexandria,
MN) and KCCW-TV (Walker, MN).
Simon & Schuster is a global leader
in the field of general interest publishing, dedicated to providing
the best in fiction and nonfiction for consumers of all ages,
across all printed, electronic, and audio formats.
In 2007, CBS reported revenues of $14.07
billion and a net income of $1.36 billion.
"We finished 2007 with our businesses
well poised to increase revenues and profits in 2008 and beyond,"
said Les Moonves, President and Chief Executive Officer, CBS
Corporation. "In Television, I'm particularly pleased with
the recent resolution of the WGA strike, which has restored stability
to the network season."
CBS acquired CNET Networks in 2008, a company
that operates technology news sites, for $1.8 billion.
History
CBS was founded in Sept. 1928 when 27-year-old
William Paley acquires United Independent Broadcasters Inc.,
a network of 16 independent radio stations. Paley changes the
name to Columbia Broadcast System and becomes President of the
company.
In 1931, CBS begins the first regularly
scheduled television broadcasting in the country on experimental
station W2XAB in New York City. By year's end, CBS is broadcasting
seven hours daily, seven days a week. Programming includes "Bill
Schudt's Going to Press," an interview show with correspondents,
columnists and editors. It was the first regularly scheduled
program to be simulcast on radio and television.
The daytime drama "Guiding Light"
premieres on radio in 1937 and CBS is listed on the New York
Stock Exchange that year.
In 1940, the first color television broadcast
from CBS transmitter atop the Chrysler Building is received in
the CBS building at 485 Madison Avenue. In 1941, CBS gets its
first FM station, WCBS in New York. On July 15, 1941, 15 hours
a week of black and white television programming begins at New
York station WCBW (later renamed WCBS). News is prominent in
the schedule.
In 1946, CBS Television Network presents
first-ever television broadcast of the National Football League.
By 1948, the CBS Television Network is formed, with WCAU-TV Philadelphia
as the first affiliate. There are 30 affiliate stations within
the year. CBS would begin color TV broadcasting in 1951 and the
entire schedule would be in color by 1967.
The Columbia Broadcasting System, Inc.
officially changes its name to CBS in 1971.
The Late Show with David Letterman would
debut in 1993 on CBS after Letterman left NBC.
Westinghouse Electric would merge with
CBS in 1995. Westinghouse would acquire Infinity Broadcasting
in 1996.
In 1997, Westinghouse changes its name
to CBS Inc. In 2000, Viacom would merge with CBS. In late 2005,
CBS is spun off from Viacom and begins trading on the NYSE as
a separate company again on January 3, 2006.
Updated October 9, 2008
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